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Hello, we had a tenant move out that we inherited with the building. We are owed approximately $2,300.00 in back rent and heating oil bills. We gave a demand for rent & eviction notice about 15 days ago, but they’...
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I saw this article while browsing the web today.https://www.citylab.com/equity/2018/11/redlining-cleveland-investors-home-prices/574153/The blog, posted on the real-estate investment platform BiggerPockets, shows how ...
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We sold a property using the 1031 process and were approached by a business about purchasing a piece of commercial property for them with the intent to create a rent to own agreement. Our previous experience has been...
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I currently work with a local portfolio lender. I have a history with them, and they typically will have no problem with lending me 100% of the purchase price for small SFH's that have very low purchase prices ($25k -...
Once upon a time there was a borrower who took ill and gave his daughter power of attorney. Before he passed away he deeded the house to his daughter. Apparently, since the house belonged to the daughter, it was a no ...
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So it is recommended to have each property in its own LLC. However, having to run separate books for each entity is a hassle. Is if possible to have one LLC own multiple LLC.s ? Then just run one set of quick books ...
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I would like to 1031 out of an investment building that I have owned for several years and exchange into new construction buildings on raw land that I already own (paid cash for land a few months ago and construction ...
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I was approached with a deal that I'm trying to understand better. The owner of a deer farm is expanding his business. He doesn't want to "muddy the water" with a mortgage on his current primary residence. They want m...
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Is it legal to transfer your property to an LLC you own, then have that LLC rent it to yourself?
The intent is to separate it from the payment (assume the lender will go along with it; i've talked to them, and they w...
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In a handful of states including Washington there is a tax that must be paid for the privilege of selling a real property. In Washington State the tax is 1.78% of the sale price.
I have done many sandwich lease de...